What kind of currency is ZEC coin? Introduction to the official website, circulation and trading platform of ZEC coins

ZEC coin, a privacy-centric cryptocurrency derived from Bitcoin, employs zero-knowledge proofs to ensure user anonymity during transactions.

Oct 31, 2024 at 08:19 pm

What is ZEC Coin?

1. Official Website: https://zec.community/
2. Type of Currency: Decentralized cryptocurrency
3. Blockchain: zcashd

About ZEC Coin

ZEC coin is a privacy-focused cryptocurrency descended from the Bitcoin protocol. It was initially known as Zerocoin, a privacy extension for Bitcoin, but was later implemented as a separate blockchain called Zcash in 2016.

ZEC coin utilizes zero-knowledge proofs to provide strong user privacy and anonymity. Transactions on the Zcash blockchain are encrypted, making it difficult to track or trace the sender, recipient, or amount involved.

Circulation

As of July 2023, the total circulating supply of ZEC coins is approximately 13,948,522.

Trading Platforms

ZEC coin is traded on various cryptocurrency exchanges, including:

1. Binance
2. Coinbase Pro
3. FTX
4. Kraken
5. Huobi

Key Features of ZEC Coin

• Privacy: ZEC coin offers a high level of privacy and anonymity through its zero-knowledge proof system.
• Fungibility: ZEC coins are fungible, meaning that they can be exchanged for one another without any loss of value.
• Security: ZEC coin utilizes strong cryptography and proof-of-work consensus to ensure the security and integrity of its blockchain.
• Scalability: The Zcash team is working on improving the scalability and transaction speed of the blockchain.